Which of the following is most accurate regarding the formation of a US corporation? O Corporations are formed under the laws of a particular state. Corporations are formed under Federal law only. Corporations are formed without state or Federal action but are formed by contractual arrangement by the shareholders. Corporations are formed under Delaware law only by US Constitutional authority. 00

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
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Which of the following is most accurate regarding the formation of a US corporation?
O Corporations are formed under the laws of a particular state.
Corporations are formed under Federal law only.
Corporations are formed without state or Federal action but are formed by contractual arrangement by the
shareholders.
Corporations are formed under Delaware law only by US Constitutional authority.
O
Transcribed Image Text:Which of the following is most accurate regarding the formation of a US corporation? O Corporations are formed under the laws of a particular state. Corporations are formed under Federal law only. Corporations are formed without state or Federal action but are formed by contractual arrangement by the shareholders. Corporations are formed under Delaware law only by US Constitutional authority. O
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